Month: August 2020

Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data […]

First-time homebuyers are often on a tight budget, where every dollar is carefully accounted for. Yet, many report confusion when told how much money to […]

The last 24 hours has been significant for the Trudeau Government. The SNC Lavalin and WE Charity issues are primarily political liabilities, but the departure […]

Continuing the upward trend that started in June, home sales bounced back to pre-COVID levels in July, soaring 30.5% year-over-year. Home prices, too, set a […]

It’s so hard to have a calm, intelligent debate about mortgage policy in Canada. And there’s a reason for it. Despite over a decade of […]

Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards for […]

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year […]

The global pandemic may have brought the Canadian real estate sector to a near standstill this spring, but over the longer term it appears to […]

The rebound for Toronto home prices continued in July, with the average selling price reaching a record $943,710. That’s a 16.9% increase compared to a […]

It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable? Thanks to historically low spreads between the two, that choice […]